Price is bouncing off of the confluence of support, which is a horizontal line, the .382 fib and the upper channel line which it broke through back in late march.
Buy here with a tight stop, with a target around April's highs, will set up a 3:1 reward to risk ratio.
Buy here with a tight stop, with a target around April's highs, will set up a 3:1 reward to risk ratio.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.